Boardwalk Real Estate Investment Trust (TSE:BEI.UN) Price Target Cut to C$78.00 by Analysts at Desjardins

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) had its price objective trimmed by Desjardins from C$79.00 to C$78.00 in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on BEI.UN. TD Securities lowered their price target on Boardwalk Real Estate Investment Trust from C$88.00 to C$85.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Raymond James Financial upgraded shares of Boardwalk Real Estate Investment Trust from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from C$80.00 to C$83.00 in a research report on Wednesday, January 14th. Finally, National Bank Financial raised their target price on shares of Boardwalk Real Estate Investment Trust from C$80.00 to C$82.50 and gave the company an “outperform” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Boardwalk Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and an average price target of C$81.19.

Boardwalk Real Estate Investment Trust Stock Performance

TSE BEI.UN opened at C$65.55 on Monday. The company’s 50 day simple moving average is C$66.87 and its two-hundred day simple moving average is C$67.02. The company has a debt-to-equity ratio of 77.35, a current ratio of 0.23 and a quick ratio of 0.04. Boardwalk Real Estate Investment Trust has a 1 year low of C$59.10 and a 1 year high of C$75.37. The stock has a market capitalization of C$3.49 billion, a PE ratio of 13.40, a P/E/G ratio of 1.24 and a beta of 0.55.

Boardwalk Real Estate Investment Trust (TSE:BEI.UN) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C($1.21) earnings per share for the quarter. The firm had revenue of C$164.85 million during the quarter. Boardwalk Real Estate Investment Trust had a return on equity of 15.71% and a net margin of 118.55%. Analysts predict that Boardwalk Real Estate Investment Trust will post 4.4537396 earnings per share for the current fiscal year.

Boardwalk Real Estate Investment Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.135 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, November 28th. Boardwalk Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 31.90%.

Trending Headlines about Boardwalk Real Estate Investment Trust

Here are the key news stories impacting Boardwalk Real Estate Investment Trust this week:

• Positive Sentiment: Raymond James cut its target slightly from C$83.00 to C$82.00 but kept a “strong-buy” rating, still implying ~25% upside. Read More.
• Positive Sentiment: National Bank Financial lowered its target from C$82.50 to C$81.00 but maintained an “outperform” rating, implying ~23.5% upside. Read More.
• Neutral Sentiment: Desjardins trimmed its target from C$79.00 to C$78.00 and kept a “hold” rating, implying ~18.9% upside — a neutral stance that likely has limited directional impact. Read More.
• Neutral Sentiment: Scotiabank lowered its target from C$78.00 to C$75.50 and maintained a “sector perform” rating (implied ~15.2% upside), another modest trim with neutral tone. Read More.
• Neutral Sentiment: BMO Capital Markets cut its target from C$77.00 to C$76.00 and left a “market perform” rating (implied ~15.9% upside); another target reduction that signals caution but not a downgrade to sell. Read More., Read More.

Boardwalk Real Estate Investment Trust Company Profile

Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company’s cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT’s total residential suites.